CHANGES TO FINANCIAL REPORTING REQUIREMENTS FOR SMES

By garreth | February 10, 2014

ou might have heard of the Financial Reporting Act 2013 and the Financial Reporting (Amendments to Other Enactments) Act 2013.  Maybe not.  Anyway, changes which took effect on 1 April 2014 mean that entities that do not meet the large entity definition will no longer be required to prepare financial statements in accordance with NZ GAAP.

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